Credit unions looking to begin serving small businesses will learn key considerations by attending the new CUNA Serving Small Businesses eSchool Wednesdays, Sept.1 through 22. “This is a complex space…
President Joe Biden Friday nominated Todd Harper for a six-year term on the NCUA Board. Harper, the board's only Democrat, has served as a board member since April 2019. “NAFCU…
As financial institutions look to update their digital strategy, it’s important to remember that outsourcing an entire digital channel or process to a fintech isn’t always necessary. Some financial institutions…
Ellen Yacovone of Tucson Federal Credit Union($631.9, Tucson, AZ) saw her cooperative’s CUSO sit idle for much of its 20-plus years of existence and she knew it could do more.…
You don’t get to take it with you… You’ve heard that before. But discussions around death, and preparing for it financially, are still strangely taboo for a lot of people.…
The battle for primary financial institution status among Gen Z and Millennial consumers is shaping up heavily in favor of the nation’s major banks, according to Raddon Research, and 73%…
National Credit Union Administration Chairman Todd Harper says a 36% interest rate cap on consumer loans would have no impact on credit unions. Credit Union trade groups say the cap…
The Illinois Credit Union System (ICUS) called on the credit union movement July 30 to create a digital “wave” that reached more than 22 million people on social media. The…
Total vehicle sales fell from 15.4 million annualized units to 14.8 million annualized units in July, with monthly sales levels up 0.8 percent year over year. NAFCU Chief Economist and…
Diversity, equity, and inclusion in the workforce are a practice. You can have a very diverse workforce, but if members of your diverse team don’t understand or care for one…
In my Credit Union Museum video, I described NCUA’s approach to credit unions since 2009 as an era of “regulatory backlash.” The term summarizes the unilateral imposition of rules, premiums…
Before we all enjoy the genius combination of flavorful bubbly root beer and classic vanilla ice cream, let’s talk about change in terms notices. Better yet, let’s talk about when…
It has never been said the journey through a given member’s financial life is guaranteed to be a walk in the park. There’s no doubt your days may occasionally include…
For over a year, the world has adjusted to social distancing. With the administration of vaccines well underway, the transition of returning to the workplace is the natural next step.…
CUNA Data Analyst Paul Hellman dives into the Federal Reserve’s Survey of Consumer Finances in CUNA’s latest Economic Update. The update is a monthly video review of financial developments that…
The CDC has issued a new moratorium on evictions in counties experiencing substantial and high coronavirus transmission. The moratorium is scheduled to expire on Oct. 3. Of note, the moratorium…
In recent research by the Digital Banking Report, close to 90% of organizations indicated that they have increased their focus on digital banking transformation since the pandemic, with over 60%…
A three-pronged approach to lending has helpedWright-Patt Credit Union($6.6B, Beavercreek, OH) become the largest mortgage lender in its home market and become a positive force in the communities it serves.…
Today, customer relationship management (CRM) systems are table stakes for banks in their quest to improve financial performance, deepen customer relationships, and increase customer loyalty. Every major bank in the…
Every business is unique. Your organization may employ ten people or a thousand. Across all industries and in all work environments, there are a handful of essential training courses that…
Indexed universal life policies have multiple applications in credit unions and other businesses. These types of products are often used in key employee retention strategies and as corporate investment vehicles.…
Seventy-eight graduates of CUNA Management School, held July 12-21, 2021, earned their Certified Credit Union Executive (CCUE) designation. The CCUE designation demonstrates the highest level of aptitude in credit union…
The Federal Reserve's second-quarter senior loan officer opinion survey (SLOOS) revealed that banks have eased lending standards in several areas following a year-long trend of tightening due to the coronavirus…
The average cost of a cyberattack in the financial industry is between $4 – $6 million, making it a profitable matter of interest for hackers all over the world. The…